In the past 24 hours, many new popular currencies and topics have appeared in the market, which may be the next opportunity to make money, including:
Sectors with strong wealth-creating effects are: ETH DeFi sector, Solana Meme assets;
The most popular tokens and topics among users are: Catizen, AAVE, RPL, Fantom (renamed Sonic);
Potential airdrop opportunities include: DRiP, ODOS;
Data statistics time: September 10, 2024 4: 00 (UTC + 0)
1. Market environment
In the past 24 hours, the price of BTC rebounded, rising by $2,000 per day, and is currently fluctuating around $56,500. According to data from Alternative.me, the panic index has recovered to 33, still in the panic stage. The total market open interest has increased by 3%, and BTC contracts have entered the negative rate stage, and market liquidity is still relatively poor. In the past day, contracts with a market value of $128 million were liquidated, of which $94 million were liquidated in short orders, which was the main driving force for BTCs short-term rise.
From a macro perspective, BTC ETF has resumed net inflows after 8 trading days, with a total net inflow of 28.6 million US dollars. However, the SEC warned of the risks of Bitcoin and Ethereum ETFs yesterday, calling BTC and ETH highly speculative investment products, and it is necessary to pay attention to the changes in events. The CPI data for August will be released on Wednesday local time in the United States. It is the last important data before the Federal Reserve announces a rate cut in mid-September. There may be a second bottoming out of the market caused by the withdrawal of safe-haven funds, and investors need to be alert to risks.
2. Wealth-creating sector
1) Sector changes: ETH DeFi sector (RPL, AAVE, BAL)
main reason:
Binance will launch RPL 1-75 times perpetual contracts, which will most likely trigger other exchanges to fill the gap;
Projects continue to update: Balancer announced that its v3 Hookathon is now live, and Aave will launch custom markets for EtherFi and Ethena on the Ethereum mainnet in the coming weeks;
Rising situation: RPL, AAVE, and BAL rose by 20.66%, 9.82%, and 17.94% respectively in the past 24 hours;
Factors affecting the market outlook:
Changes in TVL: TVL is an important reference for the price of ETH DeFi tokens. If the TVL of a recent project increases steadily, the token price can often continue to rise.
Project product updates: AAVE previously updated its token economy and introduced a buyback mechanism. This behavior may cause other DeFi projects to follow suit. It is recommended to continue to pay attention to product updates of DeFi projects. If there is news about favorable tokens, trading opportunities often arise.
2) Sectors that need to be focused on in the future: Solana Meme assets (BEER, WIF, POPCAT)
main reason:
The price of SOL rebounded, the panic over ecological assets eased, and liquidity showed signs of temporary improvement, driving the overall ecological assets up;
Specific currency list:
BEER: Solana ecosystems Meme coin. The contract data shows that there is obvious capital inflow. The inflow of hot money has amplified volatility, and the upward trend may continue.
WIF: Solana ecosystem’s Meme coin, previously listed on Robinhood. The SOL token rises, and generally the Solana head MEME coin rises faster;
POPCAT: The core meme coin on Solana, with a continuously high trading volume, a year-to-date increase of more than 50 times, and a relatively stable token price;
3. User Hot Searches
1) Popular Dapps
Catizen:
Cointelegraph reported that Catizen had 800,000 paying users in six months, with an average revenue per paying user (ARPPU) of $33. In addition, Citizens publisher PLUTO Studio recently received an undisclosed investment from The Open Platform.
2) Twitter
AAVE:
Aave co-founder Stani said on his social platform that a customized market for EtherFi and Ethena will be launched on the Ethereum mainnet in the coming weeks. In addition, the protocol will also be extended to ZKsync and Linea L2 networks.
3) Google Search Region
From a global perspective:
RPL: Binance announced the launch of RPL 1-75x perpetual contracts, and RPL surged in a short period of time.
Fantom: A few days ago, Sonic Labs (formerly Fantom) announced that the Sonic testnet has been launched, and users will be able to play Play-to-Earn games on the testnet.
From the hot searches in each region:
(1) South Asia (India and Pakistan) showed interest in Blum. The hot searches in Southeast Asian countries were different: TON, ETH, MATIC, and DOGS appeared mainly on the hot searches in Indonesia, Singapore, Malaysia, and the Philippines, respectively.
(2) Hot searches in Europe and the United States are scattered. For example, PEPE, DOGE, GRASS, and TRON appeared on the hot searches in Germany; AIOZ, BONK, FLUX, and STX appeared on the hot searches in Switzerland; RENDER, CVC, AMP, ONDO, and QUBIC appeared on the hot searches in Spain; and KAS, TRX, JUP, and MATIC appeared on the hot searches in Italy.
Potential Airdrop Opportunities
DRiP
A creator platform on Solana that allows artists and creators to distribute digital works like art and music to their fans. Focused on a mainstream-friendly user experience, DRiP is expanding the types of content and experiences available to creators, including news, videos, and podcasts.
DRiP has just completed an $8 million seed round led by NFX, Coinbase Ventures, and Progression (a fund founded by former TikTok executives)
Specific participation method: DRiP has a system called Droplets. Users can receive it once every 6 hours. Continuously log in and receive Droplets, participate in platform activities, mini-games and like the works, etc. These activities may increase the chance of receiving airdrops.
ODOS
Odos is a DEX aggregator that enables retail and institutional traders to benefit from incremental savings when converting one or more cryptocurrency tokens into other assets.
At the end of August, ODOS completed its Series A financing, with participation from Uniswap Labs, CEIC, Curved Ventures, Orbs, Mantle, PAKA and angel investors. The specific amount of financing was not disclosed.
Specific participation method: Use ODOS for multi-chain transactions, and try to swap multiple assets into multiple other assets.
Original link: https://www.bitget.fit/zh-CN/research/articles/12560603815432
【Disclaimer】The market is risky, so be cautious when investing. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their specific circumstances. Investing based on this information is at your own risk.
